Is there super on that?

The Australian Taxation Office (ATO) describe OTE as the total of:

Earnings in respect of ordinary hours of work; or
Earnings consisting of over-award payments, shift-loading or commission.

While this seems simple enough, in practice the application can be difficult … and expensive when your accountant starts pointing out that the now overdue underpaid super is no longer tax deductible! Below are some of the most common pitfalls when it comes to calculating OTE and subsequently SG:

Overtime hours are not considered OTE and therefore do not have SG.
Parental leave payments are not considered OTE.
Expense allowances are not considered OTE.
Performance, Christmas or other extra-gratia bonuses are considered OTE and therefore do require SG.

How good is your marketing? – Your accountant can help you to find out!

How successful the marketing of your product or service is, has a great deal to do with how your business operates and what it stands for, and your numbers can tell you a lot about it.

Why you need a business budget!

A good business budget allows you to plan for business events that will affect your business’s performance over the forecast period.

Which business structure is right for my business?

When setting up or buying a business there are a number of business structures you can use to operate the business in. Here are some of the most common structures used in Australia.

Why discounting is a dirty word!

Planning your next Sale – discounting might not be your best strategy to boost revenue! – here is why

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